NFI Group Inc. (TSE:NFI) Receives C$25.38 Average PT from Brokerages

Shares of NFI Group Inc. (TSE:NFI) have been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$27.25.

A number of research firms have recently issued reports on NFI. BMO Capital Markets lifted their price objective on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday. TD increased their target price on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Stifel Nicolaus raised their price target on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Scotiabank lifted their price target on NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce upped their price objective on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th.

Insider Buying and Selling

In other NFI Group news, Director John Christopher Sapp purchased 2,500 shares of NFI Group stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the completion of the transaction, the director directly owned 20,653 shares of the company’s stock, valued at approximately C$426,690.98. The trade was a 13.77% increase in their ownership of the stock. Also, Director Colin Robertson purchased 15,000 shares of NFI Group stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of C$20.82 per share, for a total transaction of C$312,300.00. Following the completion of the transaction, the director directly owned 333,783 shares of the company’s stock, valued at approximately C$6,949,362.06. The trade was a 4.71% increase in their ownership of the stock. Insiders have purchased a total of 242,015 shares of company stock worth $5,025,732 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.

NFI Group Trading Up 0.5%

Shares of NFI Group stock opened at C$24.98 on Monday. NFI Group has a 1 year low of C$12.50 and a 1 year high of C$26.39. The firm has a market cap of C$2.98 billion, a PE ratio of -23.96, a PEG ratio of -0.07 and a beta of 0.16. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. The company has a 50 day simple moving average of C$24.05 and a two-hundred day simple moving average of C$20.75.

NFI Group (TSE:NFI) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. The firm had revenue of C$1.46 billion for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. Analysts expect that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

About NFI Group

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.